US economy in technical recession as Q2 GDP shrank 0.6% amid toxic policies

Repercussions of the US Federal Reserve's aggressive interest rate hike cycle have emerged across the global economy and in the US, as the US economy falls into technical recession after two straight months of negative growth, final GDP data showed on Thursday.

Chinese refineries 'cautious' over lifting export to Europe despite high demand

The need for winter heating in Europe has pushed up market expectations for European countries to increase imports of refined oil product from countries such as China. However, the volatility in global crude oil market will make Chinese refiners cautious toward lifting overseas sales, experts said.

The IMF openly criticized the UK government's aggressive tax cuts and spending plans aimed at helping families and businesses handle the energy shock, warning that the measures are likely to ...

German should be wary of 'decoupling' amid recession risks

Starting from October 1, Germany will impose new gas levy on average households. The move, in response to an energy supply crunch and price rising, is expected to escalate the ...


For more than half a century since World War II, the US has frequently used various policies and sanctions to make other countries pay for its economic problems. Taking advantage of the dollar hegemony, the US has triggered catastrophic capital ...
With the launch of a cargo train from the Port of Qinzhou in South China's Guangxi Zhuang Autonomous Region to Lhasa in Southwest China's Xizang Autonomous Region, more and more localities in China are embarking on land-sea multimodal transportation services, ...
MORE
MORE